The company said global comparable coffeehouse sales in Q4 rose 7.2%, and that GAAP operating margin widened 790 basis points to 10.8% and non-GAAP operating margin widened 460 basis points to 14.0%.

1. 01

   The company said global comparable coffeehouse sales in Q4 rose 7.2%, and that GAAP operating margin widened 790 basis points to 10.8% and non-GAAP operating margin widened 460 basis points to 14.0%.

2. 02

   Starbucks said consolidated net revenues for Q4 fell 4% to $9.1 billion, citing the transition of Starbucks China retail operations to a licensed joint venture model as the main factor.

3. 03

   The company said consolidated net revenues for the 52-week fiscal year rose 2% to $37.9 billion, and that the divestiture of Starbucks China retail operations produced a pre-tax gain of $536.3 million.

4. 04

   The company gave an outlook for the 53-week fiscal 2027 year, expecting consolidated net revenues to decline by about 1%, non-GAAP operating margin of 13.5% to 14.0%, and non-GAAP earnings per share of $3.15 to $3.25.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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